Central Asian state Tajikistan gets first Islamic bank
The central Asian nation of Tajikistan has opened its first full-fledged Islamic bank.
OJSC Tawhidbank opened in September and is licensed under the central bank, the National Bank of Tajikistan, it said in a statement on September 20.
Tawhidbank has its roots in conventional mid-sized bank Sohibkorbank, which was set up in 1999.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later